Bernanke's Market Week

[moh malekpour]

http://online.wsj.com/article/SB121400288407493271.html?mod=rss_opinion_main

The most precious commodity a Fed Chairman has is credibility. When he makes a widely advertised public commitment to maintain dollar stability, and then he or his minions leak that he has no plans to back that up with any action, he is squandering his own currency. Central banking isn't an academic seminar where ideas don't have consequences.